Newsletter

Augusta foreclosures up in February

Foreclosure activity in the six-county Augusta metro area increased in February.

RealtyTrac, a company that tracks foreclosures nationwide, said there were 361 foreclosure filings in the area in February, up from 317 in January.

That's a filing for one in every 640 households.

There were 289 bank repossession filings in February 2010.

RealtyTrac said national activity decreased 14 percent.

"Foreclosure activity dropped to a 36-month low in February as allegations of improper foreclosure processing continued to dog the mortgage servicing industry and disrupt court dockets," said James J. Saccacio, chief executive officer of RealtyTrac.